Define: Resale Price

How is Resale Price defined in a legal contract?

• Resale Price means the cost at which the seller, behaving reasonably in a commercial location, sells or gets paid for a declined purchase, inclusive of transaction and other administrative costs reasonably impinged by the seller in reselling such declined purchase. It is implied that the seller is not obligated to employ or modify his utilization of [Facility] or other assets, contracts or market positions to lessen the buyer’s liability for such declined purchase. Seen in 91 SEC filings.
• Resale Price means the total sale price of the property upon resale. Seen in 25 SEC filings.
• Resale Price means the sum at which the seller, acting fairly in a commercial context, sells or is recompensed for a declined purchase. On no occasion should the seller be required to employ or alter his use of [facility] or any other assets, contracts, or market positions to reduce buyer’s liability for such rejected purchase. Seen in 20 SEC filings.
• Resale Price means the acquisition cost paid to the seller of the securities plus the accumulated resale bonus on such acquisition price. The accumulated resale bonus is the amount stated in the buyback contract or the daily depreciation of the difference between the acquisition price and the resale price cited in the repurchase agreement. Seen in 18 SEC filings.
• Resale Price means the gross sale price of the distressed property. Seen in 11 SEC filings.
• Resale Price means the total sale price of a residential real estate upon resale. Seen in 7 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of resale price' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Resale Price means the total cost at which an item is resold, inclusive of transaction and additional reasonable administrative costs.

Relevant Contract Type

• Sales Contract
• Property Deeds
• Distributor Agreement

Relevant Circumstances

• When a business sells its product to a distributor, and the distributor plans to resell it to retailers or directly to the end consumers.
• During property transactions, such as buying or selling real estate
• In business transactions involving assets, inventory, or equipment resale

Relevant Sectors

• Retail
• Real Estate
• Wholesale and Distribution

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Genie Definition 2

• Resale Price means acquisition cost paid to the seller plus the accumulated resale bonus from the buyback agreement.

Relevant Contract Type

• Buyback Agreement
• Securities Contract

Relevant Circumstances

• When a company repurchases its own shares from the marketplace which may boost the market value of remaining shares.
• When there's transaction involving the sale and subsequent repurchase of a security.

Relevant Sectors

• Finance
• Securities Trading

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